{"id":971,"date":"2026-06-03T15:00:00","date_gmt":"2026-06-03T15:00:00","guid":{"rendered":"https:\/\/www.markmallorca.com\/blog\/?p=971"},"modified":"2026-06-03T15:00:00","modified_gmt":"2026-06-03T15:00:00","slug":"us-builder-sentiment-sank-again","status":"publish","type":"post","link":"https:\/\/www.markmallorca.com\/blog\/2026\/06\/us-builder-sentiment-sank-again\/","title":{"rendered":"US Builder Sentiment Sank Again"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/mark-mallorca\/us-housing-index\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>US builder sentiment fell to 34 in Early-Q2, missing the 37 expectation and dropping from 38 previously, signaling worsening conditions in residential construction.<br \/>\nKey components also weakened: single-family sales fell to 37, buyer traffic slipped to 22, and 6-mo sales expectations dropped to 42.<br \/>\nThe index stayed below 50 through 2025 and into 2026, a sign that more builders viewed conditions negatively than favorably.<br \/>\nLate-Q1 had shown a modest rebound to 38, with current sales at 42, expected sales at 49, and buyer traffic at 25.<br \/>\nAffordability pressures persisted, driven by elevated mortgage rates, high construction costs, and home prices stretched relative to incomes.<br \/>\nBuilders kept using incentives: roughly two-thirds offered sales perks, while over a third cut prices, with avg. reductions near ~6%.<br \/>\nSome relief emerged as borrowing costs ticked down after the ceasefire, but the text said the industry remained in deep recession.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>US builder sentiment fell to 34 in Early-Q2, missing the 37 expectation and dropping from 38 previously, signaling worsening conditions in residential construction. Key components also weakened: single-family sales fell to 37, buyer traffic slipped to 22, and 6-mo sales expectations dropped to 42. The index stayed below 50 through 2025 and into 2026, a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/comments?post=971"}],"version-history":[{"count":1,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/971\/revisions"}],"predecessor-version":[{"id":973,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/971\/revisions\/973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media\/972"}],"wp:attachment":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media?parent=971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/categories?post=971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/tags?post=971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}